Month: May 2018

Exchanges One of India’s major cryptocurrency exchanges, Unocoin, has announced the launch of its new trading platform, “featuring the whole set of tools for hardcore traders in the industry.” Fifteen cryptocurrencies can now be traded using its platforms. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unocoin Launches Unodax Leading Indian cryptocurrency exchange Unocoin announced on Wednesday the official launch of its new trading platform called Unodax (Unocoin Digital Asset Exchange). The company wrote: Going forward, Unocoin moves the Read more …

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Blockchain, the UK based provider of cryptocurrency wallets and services, has reported reaching a milestone of 25 million wallets this week, according to Yahoo Finance. Much of the growth has been in the US, where the company has rolled out bitcoin sales in recent months. Blockchain Registers 25 Millionth Crypto Wallet The significance of the milestone is tempered by the fact that the 25 million figure exceeds Read more …

The recent approval of Genesis Global Trading’s BitLicense application has shone fresh light on New York State’s relationship with the cryptocurrency industry. Although New York is historically a business-friendly center and international financial hub, many industry players have criticized the regulatory requirements enforced by the New York State Department of Financial Services (DFS) through the BitLicense since its release date in 2015. Most of these criticisms were confirmed in a round table held earlier this year by New York State Read more …

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Financial services giant Mastercard has won a patent for a system that uses blockchain technology to authenticate coupons. The patent, granted by the US Patent & Trademark Office (USPTO) on May 31, outlines a way for merchants to cut down on coupon fraud and more effectively issue targeted discounts to specific customers. The company first applied for the patent in Nov. 2016. In one potential application of this Read more …

Japanese crypto exchange BitTrade has been acquired for S$67 mln ($50 mln) by a Singaporean multi-millionaire and entrepreneur, Asia One reported yesterday, May 30. The acquisition will see Mr. Eric Cheng take a 100 percent stake in BitTrade Co., Ltd, one of only 16 domestic crypto exchanges to receive a license from Japan’s financial watchdog, the Financial Services Agency (FSA). Cheng is also acquiring BitTrade’s affiliate company, FX Trade Financial Co., Ltd,  one of Japan’s leading forex trading platforms. As Read more …

Seattle-based cryptocurrency exchange Bittrex Inc. has established a formal agreement with Signature Bank in New York to allow corporate clients in specific states to purchase virtual tokens using USD. The move is designed to increase the amount of institutional capital making its way through the crypto space.Chief executive officer of Bittrex Bill Shihara says the exchange has been working on this partnership for months. “It’s been a long path,” he commented. “It’s not just about banks being able to trust Read more …

Exchanges Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash (BCH) and EOS have now been added its recently released cryptocurrency exchange app Devere Crypto. Also Read: Bitcoin in Brief Thursday: Asus Creates 20-GPU Mining Motherboard Crypto Portfolio Diversification This latest addition to the app means that users of the service, which also supports fiat USD, Euro and GBP, can now buy, sell, store, and exchange the two cryptocurrencies Read more …

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The IOTA price (MIOTA) surged past other coins’ average daily gains for the day, climbing 17% over its Wednesday level. The project released the beta version of the Trinity Wallet on May 29 and has kept the price momentum since then, as CCN reported. Currently, the IOTA price sits at $1.77. Since May 28 and the announcement of the new wallet, IOTA has increased over 31%. This is Read more …

Paxos, an American financial technology startup, has attracted $65 mln from investors, including venture capital firms RRE Ventures and Liberty City Ventures, and private equity executive Jay Jordan, Reuters reported May 31. The company was initially founded in 2012 as Bitcoin exchange itBit and later rebranded as Paxos, a business focused on providing services using blockchain technology. Paxos holds a trust company charter in the state of New York, which gives it some of the same privileges as a bank, Read more …